Barclays PLC Reiterates Equal Weight Rating for Ocado Group PLC (OCDO)
Barclays PLC reiterated their equal weight rating on shares of Ocado Group PLC (LON:OCDO) in a research note issued to investors on Thursday, StockTargetPrices.com reports. They currently have a GBX 265 ($3.46) target price on the stock.
OCDO has been the topic of several other reports. Goldman Sachs Group Inc. reaffirmed a conviction-buy rating and issued a GBX 615 ($8.03) target price on shares of Ocado Group PLC in a research report on Friday, August 19th. Societe Generale decreased their price target on Ocado Group PLC from GBX 193 ($2.52) to GBX 189 ($2.47) and set a sell rating for the company in a research note on Wednesday, September 14th. Numis Securities Ltd reissued a buy rating and issued a GBX 400 ($5.22) price target on shares of Ocado Group PLC in a research note on Tuesday, June 28th. HSBC reissued a reduce rating and issued a GBX 200 ($2.61) price target on shares of Ocado Group PLC in a research note on Wednesday, June 1st. Finally, Jefferies Group reissued a hold rating and issued a GBX 265 ($3.46) price target on shares of Ocado Group PLC in a research note on Tuesday, May 24th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of Hold and an average target price of GBX 327.92 ($4.28).
Ocado Group PLC (LON:OCDO) opened at 268.80 on Thursday. The firm’s market cap is GBX 1.59 billion. Ocado Group PLC has a 52 week low of GBX 203.00 and a 52 week high of GBX 412.70. The company has a 50-day moving average of GBX 290.24 and a 200 day moving average of GBX 279.56.
In related news, insider Tatton-Brown,Duncan purchased 100,000 shares of the firm’s stock in a transaction that occurred on Friday, July 1st. The stock was acquired at an average price of GBX 227 ($2.96) per share, for a total transaction of £227,000 ($296,305.97).
About Ocado Group PLC
Ocado Group plc is a United Kingdom-based company engaged in grocery retailing and the development and monetization of intellectual property (IP) and technology used for the online retailing, logistics and distribution of grocery and consumer goods. The Company sells groceries and other every day and specialist products to consumers placing orders through its interfaces.
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